Insurance and Reinsurance Business Partners
GAPCORP’s financial stability and the ability to provide a wide range of products and responsive services have attracted the following core business partners:
Allianz
Allianz offers a wide range of insurance and fund products to over 100 million customers in more than 70 countries. They are an insurance market leader within the German market with a strong international presence. Their retail and corporate clients enjoy an extensive product selection in all insurance business lines, designed to protect them against any risks.
Arabia Insurance
Arabia Insurance Company draws its strength from 64 years of experience in the Arab and Middle Eastern Insurance community. Established in 1944 and later incorporated in Beirut, Lebanon with a fully paid-up capital of L.B.P 51,000,000,000 (Lebanese Pounds Fifty One Billion), Arabia Insurance currently provides its insurance services within Lebanon, Syria, Saudi Arabia, Jordan, Kuwait, Bahrain, Qatar, the UAE and Oman.
Arabia Insurance Cooperative
The Arab Cooperative Insurance Company is a public joint-stock company, established in 2007 AD by Royal Decree No. M / 23 and Ministerial Resolution 326 / Q dated 12/31/2007 for announcing the establishment of the company. With a capital of 265 million Saudi riyals, paid in full. It was its first foothold in the Kingdom of Saudi Arabia in 1951, through the Arab Insurance Company. The company derives its leadership by benefiting from the experience of more than sixty-five years of hard work in meeting the needs of the Saudi market
Arabia Falcon Insurance Company
Arabia Falcon Insurance Company turned over a new leaf in the history of the insurance sector of Oman when two companies merged to become AFIC. With 70+ years of regional expertise and local knowledge of the Omani market, the company is stronger, bigger and more versatile with a keen customer-centric focus. They serve individual and corporate clients by providing various insurance products under different lines of business.
Astree Assurances
Astrée is Multi-line insurance company established in 1949 and is a public limited company, listed and endowed with a capital of 20MD.
Since its establishment, Astrée has been involved in an ongoing development process targeting its insurance products with a view to meeting the changing needs of its Corporate as well as its Personal policyholders, through a range of diverse, tailor-made and extensive insurance offers.
The high quality of its partners, its technical partners, coupled with the soundness of its financial ratios have provided Astrée with opportunities to be well-positioned in the insurance market and to act as a privileged partner/ key contact for potential customers.
Al Wataniya Insurance
Al Wataniya Insurance Company commenced operations under its name in the second quarter of 2010. However, Wataniya has inherited the legacy of Saudi National Insurance Company (SNIC) which had been registered in Bahrain and operating in KSA since 1975.
Bahrain Kuwait Insurance
Bahrain Kuwait Insurance Company (B.S.C.) was established in 1975 with Bahraini and Kuwaiti shareholders. By virtue of its shareholding structure, BKIC is allowed to operate as a national insurance company both in Bahrain and Kuwait, the only company to enjoy such a privilege.
BKIC transacts all classes of general insurance, the major categories being Fire, General Accident, Engineering, Marine Cargo, Motor, Group Life and Health. Since its establishment, BKIC has enjoyed steady growth in various areas and built a solid relationship with its customers based on integrity, mutual trust and financial strength. BKIC was the first insurance company in Bahrain to have been interactively rated by an independent international rating agency and currently enjoys A- (Excellent) rating of A M Best.
Best Meridian International Insurance Company SPC
With over 46 years of experience, they have a broad portfolio made up of elite-quality products and custom-designed solutions to meet their clients’ requirements. They are highly respected within the international market with their name being synonymous with quality, trust, financial strength, high performance, permanence and exceptional service.
Canopius
Canopius is a global speciality lines reinsurer. They were formed via a management buyout in December 2003, with £25m equity capital and achieved significant growth through a mix of organic expansion and acquisition. They are privately owned, backed by private equity funding. They believe that their people make them different. They challenge the prevailing wisdom, ask the difficult questions and are proud to offer an independent view of risk.
Damaan Islamic Insurance Company (Beema)
Managed by a team of qualified and experienced professionals and supervised by a distinguished Sharia’ Board, Beema is incorporated under the laws and regulations of Qatar. Beema are focused on delivering Sharia’ compliant and products insurance across the GCC.
Beema aim to meet the high demand for Takaful products in Qatar and the GCC countries by offering new Takaful solutions that provide outstanding cover and protection to our valued clients against the widest possible risks.
Damaan Islamic Insurance Company (Beema) was incorporated in September 2009 as a fully Sharia’ compliant private Closed Qatari Shareholding Insurance Company.
Authorised and paid up capital is QR 200 million.
The Company is licensed to transact all classes of insurance.
Emirates Insurance Co. (PSC)
One of the pioneering insurance companies in the region established in 1982, Emirates Insurance Company is listed on the Abu Dhabi Securities Market and now rated among the best insurance companies in the GCC region. EIC is now the 4th largest insurance company based on Gross Written Premium and carries the well respected AM Best “A-“Rating. The rating is indicative of the financial strength and professional management of the company.
International Insurance Company of Hannover SE
Inter Hannover is now part of the new company, HDI Global Specialty SE.
The new company writes agency and speciality insurance business in lines such as Errors & Omissions liability insurance, directors’ and officers’ liability insurance (D&O), legal expenses insurance, sports and entertainment, aviation, offshore energy and animal insurance.
Lonsdale & Associates Insurance Brokers
Lonsdale & Associates Insurance Brokers is a corporate insurance broker offering a wide range of insurance services to medium and large corporate clients which broadly include insurance broking, risk management and consulting services.
Novus Underwriting Ltd
They provide clients with the excellence of service and where necessary, work with selected partners who are strategically aligned with to provide a total solution to clients. Their portfolio includes both short term and medium term products, and they Underwrite and manage speciality niche scheme insurance on behalf of their panel of exclusive A-rated Insurers and Reinsurers.
Swiss Re
For over 150 years, it’s been Swiss Re’s business to enable risk-taking. Together with clients and partners, they’ve helped people and businesses all over the world turn pioneering ideas into reality or getting back on track when things go wrong. Headquartered in Zürich, Switzerland, Swiss Re has operations across the globe and their global network makes them more competitive and effective, enabling them to focus on their core strengths and provide best-in-class service to clients.
TOKIO MARINE & NICHIDO FIRE INSURANCE CO., LTD
Tokio Marine & Nichido Fire Insurance Co Ltd., is one of Japan’s oldest and largest non-life Insurance companies, which traces its roots back to 1879. Having business network in 37 countries and 456 cities around the world. Operating in the UAE market since 1976, TMNF caters to the insurance needs of a wide range of Japanese and Non-Japanese clientele.
White Oak Underwriting Agency
A specialist Insurance and Reinsurance Agency focusing on niche markets requiring expert solutions. They bring extensive experience of underwriting and claims to selected markets. They work with brokers, cover holders, carriers and clients to deliver expert solutions and develop long-term relationships.
Automotive Clients and Business Partners
Our reputation for service excellence, innovative expertise and proven ability to develop and market a complete range of extended warranty and insurance products, has secured our relationship with corporate clients that trade under globally recognized brand names. Our clientele represents a wide spectrum that range from medium to large business enterprises and to well-known multinational corporations.
Technology Business Partners
Vigilant Solutions
Vigilant Solutions creates highly innovative and essential tools for law enforcement – tools that ultimately saves lives. As an example, Vigilant Solutions’ Automated License Plate Recognition (ALPR / LPR) product is the most comprehensive offering available, with over tens of thousands of users around the world and thousands of success stories.
STC Group
STC is the leading developer of facial recognition, voice and multimodal biometric systems, as well as solutions for audio and video recording, processing and analysis. With one of the largest R&D teams in the industry and more than 30 years of experience, they are well known for solutions implemented by some of the largest international companies in banking, security, telecom and public sectors.
iTel
iTel is geared towards providing technical professional services in Information Technology (IT) and Security, servicing the Middle East & North African (MENA) Region.
iTel is Focused, Optimized, and Reliable partner offering innovative professional services and Products, ranging from honest technical consultancy services to a complete outsourcing solutions, planning, design, optimization, and system Integration.
Guidepoint Systems
Guide Point systems is one of GAPCORP’s global business partners that provide a state-of-the-art computer module equipped with a global positioning satellite (GPS) receiver, a wireless data modem and vehicle interface component that allows us to “talk to the vehicle“.
Level Systems
Level has been working successfully on the market since 1990. During this time, the company has become one of Europe’s leading producers of telecommunications, security and lighting technologies and has gained certification of the quality management system ISO 9001:2009
With more than twenty years experience in the field we are able to combine the most effective tools with a simple and familiar interface, whilst maintaining a high level of reliability and quality.
VIPER
Viper is one of GAPCORP’s business partners that provides vast of products as Viper SmartStart which is the only vehicle remote start system that works with any smartphone. With SmartStart, the user can use their smartphone to pre-warmhis or her vehicle’s cabin in the winter, pre-cool it in the summer, lock and unlock the vehicle’s doors, open the trunk, and even find their car in a parking lot, all using your smartphone and from any distance.
Cilajet
Cilajet was brought to the automotive industry as the first true anti-corrosive “aviation grade” paint sealant, conforming to the latest Boeing Specifications (Spec. D6-17487, Revisions R & T) … now available exclusively through automotive dealerships.
Because Cilajet is so unique and best-in-class in its amazing results and performance, it is the product of choice for many high line automotive enthusiasts. Cilajet’s customers include dealers who specialise in Ferrari, Bentley, Rolls-Royce, Porsche, Aston Martin, Jaguar, McLaren, Mercedes-Benz, BMW, and Audi. And our customers also include Toyota, Honda, Ford, Hyundai, and Kia. Cilajet is for the person who wants to make their car look amazing, and get to enjoy that experience for years… no matter what your choice of vehicle.